A new week begins and the cryptomarket is still in a great indecision.
Greetings to all readers of this great platform, especially to those who make life in the great community of #LeoFinance, and to all readers of crypto content and market monitoring, in the present opportunity I want to share with you information that is related to the behavior of BTC, and its constant indecision, which really generates a great concern to perform operations in the crypto market.
 Screenshot taken at: Binance |
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In a reality that we come from the best month in the crypto market, as I mentioned in one of my previous publications, so several possible behaviors were expected in the BTC market to start the week we are starting today, but so far none of the 2 scenarios is being presented in the market, because the market is still in a constant indecision and without showing strength in any market direction.
I tell you that the scenarios that I have put forward in last week's article, is for the following reasons, we expected that if the market did not go down in search of support to take momentum at 24k price and continue in a range, it could from 23k grab a strong momentum and surpass 24k with strength, to correct again above 24k and continue its way upwards in search of its next resistance most likely by 26k to 27k in the market.
This situation that was seen in the market, we only saw that the market just passed over the 24k was around that area for at least 8 hours, from there the market fell again and lost the market support and ended up being again the strong resistance that it faces many days ago, so we are still waiting or the expectation that we can have in front of a market that is really considered as being asleep or without strength in any direction, seeing in the daily and 4 hours temporality, since in the weekly it is still a market with bearish strength.
Greetings @chucho27, certainly the BTC market is in a very big indecision not being able to appreciate in its value what will happen in the next days and weeks, the 23K price seems to be a stable zone for the moment but with a bearish trend.
greetings @ chucho27
No doubt that this indecision also favors those who take advantage of the constant bounces to accumulate a little more tokens, hopefully it can improve soon and reach new values.
Thank you very much for sharing
Hello dear friend @chucho27, we certainly live in uncertainty regarding the price of bitcoin, it is expected by midweek that there will be some news from the United States that may possibly affect, but it is nothing certain according to what I hear from some you tuber, despite this some cryptos like vet and rose have recovered a little.
I hope to see what happens in the course of the week, see you later, have an excellent week.
Crypto Currency, its digital money.
For months I believe that the bitcoin market will remain unstable as there are investors who buy and sell when their gain is just 5% or less and that creates a price resistance that prevents a higher ceiling.
@tipu curate